805 E Turney Avenue, Phoenix, AZ 85014
$800,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$800,000
Last Modified:
12/19/2025
Description
This versatile fourplex, ideally located in Midtown Phoenix, offers an incredible investment opportunity. The property has been extensively renovated inside and out. ***HOME WARRANTY INCLUDED***
The property includes a spacious 3-bedroom/1-bath unit, three 1-bedroom/1-bath units, and offers flexibility with fully rented market-price leases or short-term rental potential.
Located in a thriving area undergoing significant development, the property is near notable landmarks such as Fate Brewery, new townhome projects, the VA Hospital, and prestigious schools like Brophy and Xavier Prep. Its central location offers easy access to Midtown and Downtown Phoenix.
Supplements: Whether looking to expand your portfolio, live in one unit while renting out the others, or leverage the short-term rental market, this turnkey fourplex is an opportunity you don't want to miss!
More Information MLS# 6805525
Contract Info
Ownership: Fee Simple
Current Price: $800,000
Sold Price: $800,000
Status: Closed
List Date: 2025-01-15
Location, Tax & Legal
Assessor's Map #: 19
Legal Description (Abbrev): CAROLYN PL LOT 36 N2
Assessor's Parcel #: 30
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108601
Taxes: 1598
Legal: CAROLYN PL LOT 36 N2
Marketing Name: Fourplex in Central PHX
House Number: 805
Compass: E
Street Name: Turney
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4124
County Code: Maricopa
Subdivision: CAROLYN PLACE LOT 1-9, 46-54
Assessor Number: 155-19-030
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 9,605
Flood Zone: No
Total # of Units: 4
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Jr. High School: Osborn Middle School
High School: North High School
Year Built: 1962
Zoning: R-4
Legal Info
Range: 3E
Section: 21
Township: 2N
Lot Number: 36
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 256
Annual Ins Exp: 1800
Annual Landscape Exp: 2400
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6054
Other Income: 0
Vacancy Allowance: 0.04
Adjusted Gross Inc: 55008
Total Monthly Rental Income: 0
Pmt & Rate Info
Cap Rate: 5.25
Equity: 925000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Partially Fenced: 1
Cable TV Available: 1
Separate Storage: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Gas: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 1058
Avg SqFt: 660
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1600
Avg SqFt: 1050
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Exchange
Closing Cost Split: Seller Assist - A
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 1500
Seller Concession $/%: $
Remarks Misc
Cross Street: 7th St & Indian School
Directions: South on SR-51, Exit West on Camelback, Turn South in 7th St, Turn East on Turney. Property is on your right.
Geo Lat: 33.499659
Geo Lon: -112.063087
Status Change Info
Off Market Date: 2025-12-04
Under Contract Date: 2025-11-06
Close of Escrow Date: 2025-12-18
Sold Price: $800,000
Income Expenses
Gross Annual Sch Inc: 57300
Net Operating Income: 48608
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Laundry Equipment
Community Features: No Pool
Exterior Amenities: Landscape Water System; Green Landscaping; Partially Fenced; Cable TV Available; Separate Storage
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Central
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Landscaping
Tenant Pays: Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office:
Rely Real Estate, LLC
Last Updated: December - 19 - 2025
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